No Difference - by design in the Bitcoin source code.
False.
As DannyHamilton said previous , yes bitcoins will be generated faster.
Reward-Drop ETA: 2016-08-18 21:30:50 UTC (117 weeks, 3 days, 7 hours)
I think this is about as accurate as we can be, this far out.
That was in May.
Right now :
Reward-Drop ETA: 2016-08-04 06:20:07 UTC (98 weeks, 3 days, 18 hours, 40 minutes)
It means that 14 days worth of coins will be mined before their schedule.